My husband as an employee of Publix bought additional stock in the company by acquiring a loan thru Publix credit union. Is the interest on that loan deductible?

[jmetheny2]

I did not think to deduct interest in 2015.  If it is deductible, can I also include it?

[TomYoung · Accepted solution]

If the entire proceeds of the loan were used to buy stock then the interest is deductible.  You enter that using the "Investment Interest Expenses" under the "Deductions & Credits" tab.  You can only deduct 2016 interest on a 2016 income tax return.

Tom Young